Sri Lanka embracing Pakistani BOI model?

Tuesday, 2 November 2010 06:21 - - {{hitsCtrl.values.hits}}

Midst impending revamping of the Board of Investment (BOI) Sri Lanka perhaps received some finer points from Pakistan Minister of State as well as the Chairman of its BOI Saleem H. Mandviwalla (left) who met the Minister of Economic Development Basil Rajapaksa at the Presidential Secretariat yesterday.

Unlike Sri Lanka which has been struggling to cross the magical US$ 1 billion mark in Foreign Direct Investments; Pakistan attracted $ 2.2 billion in FDI for the year ended on June 2010. Its BOI is also truly high profile with Prime Minister as the President of the Board of Directors and includes Ministers of Finance, Economic Affairs, Industries, Federal Revenue Board Chief apart from private sector representatives. Here Mandviwalla presents a memento to Minister Rajapakse during their meeting whilst Dr. P.B. Jayasundera who functions as Secretary to Ministry of Economic Development in addition to Finance is also present - Pic by Chaminda Hittatiya